Michael Spakman

Following on from their automation of the ABN and TFN application process for SMSFs, Topdocs has now extended their time saving feature to Companies and Trusts, an industry first.

With over 200,000 companies registered in Australia each year, as well as huge volumes of Unit and Discretionary Trusts, Topdocs director, Michael Spakman, says this automation will save the accounting, legal and financial planning professions thousands of hours each year: “Every time a new SMSF, Company or Trust is required to register with the ATO, someone has to manually enter this information online, which can be a time consuming process, taking up to 30 minutes depending on the person. Multiply this by the number of legal structures set up per year, and you have an enormous amount of wasted time currently existing in the industry.”

“By automating the population of the ABN and TFN online application, and proving this service free of charge to advisors, we are giving advisors back this time, enabling them to focus more on client facing work. The feedback so far has been amazing”.

Spakman says the new integration is one of a number that have been created to simplify the ordering process for advisors: “Topdocs has created a number of time saving integrations to make the process of ordering legal documents quick and easy for advisors, including links with BGL, Class Super, Macquarie, CommBank, NAB and XPLAN.”

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